Well Soniq was just online, obviously read the thread as I pm'd him a link and decided he was above commenting and just logged off to go hide in a dark room with everyone else's mining gear and money

His choice was made. These deals required trust. Obviously he wasn't trustworthy. However such situations are unlikely to happen with bitshares as there will be no mining.

I guess you are right in that there will not be group buys of hardware, but there will be many other scams.

I'm actually a bit proud of the fact we haven't been hit by a scammer yet. AFAIK there hasn't been any significant drama unlike NXT.

We were under the radar previously and the only people interested were people who had interest in BitShares/BTSX/DACs. Now that we have grown through market cap more scammers will start to make an appearance so people should be alert.

Because of the complexities of making regular payments I personally paid a programmer to make me autopayment software. This idea turned out to be my archilles heel. Between uncompleted software and programmers deciding not to show up anymore caused me a lot of grief.

So now I have paid out all the 1498 mined BTC and and now trying to coordinate a time with my current programmer to payout auction proceeds from sle of Jupiters and NMC. But between technical issues and both of us working full time it has not happened yet.

The second GB is also waiting for a time commitment from me and my programmer to pay out the total mined. But if you check all mining addresses from second GB, all the funds are still in ther respective mining addresses as well as the escrow payment from the sale of the Cointerras.

I have never experienced anxiety attacks before, but that is the only thing I can explain when I try to click on a Bitcointalk.org link. It is nearly impossible for me to visit that forum anymore.

Could my mangement of the above GB been a lot better? yes, but I also learned a lot during the process.

Neither one of these GB's was a good investment as hindsight shows we would have been better off holding our coins. But hindsight is 20/20. This is also part of the reason some members are so upset, and I am too as I was one of the largest shareholder in the group.

Am I dishonest and a scammer? I took in and paid over 1498 BTC in one GB and am in the process of paying out the 50 BTC remaining in the 2nd GB and NMC as soon as I can connect with my programmer.

I posted a post in Bitcointalk and sent an email to all members in the GB about the condition of the Jupiters when they arrived. KNC uses about the cheapest packaging material and over 30% of he boxes had large tears and almost all of the boxes rattled. If you search the Bitcointalk or KNCminer forum you can see countless threads of Jupiters arriving in pieces.

To avoid all the problems that would have arisen due to selling and shipping I bought all the Jupiters myself. If you look at the auction thread I am the highest bidder at the end of the auction. I paid 12.86 BTC for all of them. As I mentioned in previous thread this will be distributed as soon as I can connect with my developer.

To think that I am profiting from mining with Jupiters is just not true. Enter 500GH/s and 550W of power into any mining calculator and you will see Jupiters are barely break even or negative at current difficulty and price. Instead I have sold some but mostly I have given them away to Crypto newbs that are interested in mining.

I will distribute the auction amount as soon as I can connect with my developer.

I posted a post in Bitcointalk and sent an email to all members in the GB about the condition of the Jupiters when they arrived. KNC uses about the cheapest packaging material and over 30% of he boxes had large tears and almost all of the boxes rattled. If you search the Bitcointalk or KNCminer forum you can see countless threads of Jupiters arriving in pieces.

To avoid all the problems that would have arisen due to selling and shipping I bought all the Jupiters myself. If you look at the auction thread I am the highest bidder at the end of the auction. I paid 12.86 BTC for all of them. As I mentioned in previous thread this will be distributed as soon as I can connect with my developer.

To think that I am profiting from mining with Jupiters is just not true. Enter 500GH/s and 550W of power into any mining calculator and you will see Jupiters are barely break even or negative at current difficulty and price. Instead I have sold some but mostly I have given them away to Crypto newbs that are interested in mining.

I will distribute the auction amount as soon as I can connect with my developer.

May I ask how many partners/customers you had that justifies the need for a developer to handle all the orders ? Even with a few hundred, much easier to just make the spreadsheet, and get it done manually. You'll feel a lot better with relieved stress.

Very nice of you to give away things that appear to be worth ~$400 on ebay. Very very nice.

I posted a post in Bitcointalk and sent an email to all members in the GB about the condition of the Jupiters when they arrived. KNC uses about the cheapest packaging material and over 30% of he boxes had large tears and almost all of the boxes rattled. If you search the Bitcointalk or KNCminer forum you can see countless threads of Jupiters arriving in pieces.

To avoid all the problems that would have arisen due to selling and shipping I bought all the Jupiters myself. If you look at the auction thread I am the highest bidder at the end of the auction. I paid 12.86 BTC for all of them. As I mentioned in previous thread this will be distributed as soon as I can connect with my developer.

To think that I am profiting from mining with Jupiters is just not true. Enter 500GH/s and 550W of power into any mining calculator and you will see Jupiters are barely break even or negative at current difficulty and price. Instead I have sold some but mostly I have given them away to Crypto newbs that are interested in mining.

I will distribute the auction amount as soon as I can connect with my developer.

then what about the cointerra unit GB your still holding the btc for a month after you got the btc from escrow? I don't think it takes that long to figure out what everyone is owed...If i was anyone on here dealing with soniq is a no win situation...just be careful when dealing with him

well i hope you make good on your promises...ya the little GB turned out to be a big one, but you kept it going and didn't have too...you started a 2nd and didn't think you'd have enough time run both? your the one that made this hard on yourself...how hard can it be to collect btc and send it out to ppl? doesn't seem that hard to me